WASHINGTON (Sputnik) — In January 2016, US federal debt stood at $19 trillion, according to the Treasury.
"During the July–September 2016 quarter, Treasury expects to borrow $201 billion in net marketable debt," the release said. "This borrowing estimate is $47 billion higher than announced in May 2016."
The Treasury explained the increase in borrowing by "a higher end-of-quarter cash balance estimate and lower receipts."
In the October–December quarter, the US authorities will likely issue $182 billion in net marketable debt, the department noted.
